Verizon sends out update to enable Samsung Pay on certain Samsung phones
What sets Samsung Pay apart from the others like Apple Pay and Android Pay, is the fact that besides supporting retailers with a NFC enabled POS system, Sammy's mobile payment system also works with any retailer that has a credit card swiping machine that uses MST (magnetic secure transactions). This means that Samsung Pay is already accepted in 90% of retailers around the globe. However, we should point out that the only credit cards that work with Samsung Pay for now are Visa, Mastercard and American Express cards issued from major banks.
The update sent out by Verizon also includes a security patch to prevent the Stagefright vulnerability from stealing content from your phone and taking control of the microphones and cameras on your device. At its peak, 95% of Android handsets were vulnerable, but with patches being send out to many different models for many different carriers, that percentage has surely declined.
But there is some bad news. Even with the update being sent out, Verizon users still need to load the Samsung Pay app from the Google Play Store in order to use it. The problem is, Samsung hasn't posted the app in the store yet. Bottom line is that Verizon subscribers still need to wait before using Samsung Pay, even after they have installed the update on their device.